Learn how Altilia is leveraging GPT and Large Language Models to enhance its IDP platform

Experian Partners with Altilia to Enhance Customer Onboarding with IDP Technology

By altilia on June 6, 2023

Milan, May 31, 2023

Experian, the world’s leading global information services company, and Altilia, the Italian deep tech company specialized in Intelligent Document Processing (IDP), announce a partnership aimed at innovating customer onboarding solutions through the use of artificial intelligence platforms.

Altilia employs composite AI technologies to train algorithms used for automation of document-intensive business processes.

Experian has identified Altilia as partner to build modular end-to-end solutions to improve customer acquisition. While the collaboration initially supports businesses operating in the banking services sector, potential use cases in other sectors, such as insurance, will also be explored.

By leveraging Altilia’s technologies, which combine advanced OCR, computer vision, Natural Language Processing and Machine Learning for data comprehension and extraction systems, Experian has integrated a solution to capture new customers’ identity documents and to obtain information from a wider range of personal documents, including tax forms, payslips, health cards, bank statements, and corporate financial statements. All of this is done while ensuring maximum data security throughout the entire lifecycle.

The enhanced document comprehension capabilities bring significant benefits to both consumers and businesses utilizing the solution. For consumers, the solution significantly reduces the time required for applicant profiling and credit evaluation, thus expediting access to funding. For credit institutions, the solution ensures superior accuracy in reading and understanding documentation, optimizing resources needed for request evaluations. Overall, Know-Your-Customer processes are improved, with the great advantage of enhancing fraud detection.

“Our mission is to leverage new technologies to make access to credit easier and more inclusive. In Altilia, we have found the ideal partner to take another step forward in this direction. The joint development of new solutions and use cases with Altilia, will allow us to streamline procedures, making them safer and automatic for banks, while also speeding up access to funds for consumers.”

Armando Capone, Country Manager of Experian.

“Through our collaboration with Experian, we are exploring new opportunities for innovation, digital transformation, and simplified adoption of artificial intelligence, which we aim to expand across the entire banking sector and other businesses, both large and small. Our shared ultimate goal is to leverage advanced technologies such as AI to make credit processes more effective and accessible for companies and end users, while also making them safer and more cost-effective for credit institutions”

Massimo Ruffolo, CEO of Altilia

To learn more about Intelligent Automation applications the banking sector and in other industry, visit our use case section.

By altilia on June 6, 2023

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